Opportunities to acquire a true passive investment backed by a nationally recognized tenant don’t come around often, especially in stable, well-established markets like New Haven. The property at 355 Foxon Boulevard offers exactly that—a straightforward, income-producing asset with long-term upside and minimal day-to-day involvement.

At its core, this is a single-tenant net lease investment occupied by Taco Bell, one of the most recognizable quick-service restaurant brands in the world. For investors, that immediately sets the tone. You’re not just buying a piece of real estate—you’re securing a revenue stream tied to a tenant with a proven track record and a strong national footprint. The location is operated by an experienced franchisee with a large portfolio of units, which adds another layer of stability to the deal.

What makes this property particularly appealing is the lease structure. It operates under a true NNN (triple-net) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance. From an ownership perspective, that translates into a largely hands-off investment. There’s no need to worry about unexpected expenses or ongoing property management issues—something many investors actively look for when building or diversifying their portfolios.

The financials are equally straightforward. The asset is priced at approximately $2.95 million, generating a net operating income of $139,779, which places it at a 4.74% cap rate. While cap rates can vary depending on market conditions, assets with strong tenants and long-term lease structures tend to hold their value well, especially in supply-constrained markets.

Another important aspect is the built-in rent growth. The lease includes 2% annual increases, which may seem modest at first glance but become meaningful over time. This steady growth helps offset inflation and gradually increases cash flow without requiring any additional investment. It’s a simple but effective way to ensure the property continues to perform over the long term.

From a physical standpoint, the property consists of approximately 2,046 square feet on a 0.78-acre lot, built in 1998. The site benefits from a drive-thru configuration, which is essential for modern quick-service restaurants and has become even more important in recent years. Combined with its visibility and accessibility along Foxon Boulevard, the location supports consistent customer traffic and ongoing tenant performance.

Speaking of location, New Haven itself adds another layer of appeal. As a well-known coastal city with strong economic drivers—most notably Yale University and a major healthcare presence—the area benefits from a steady flow of students, professionals, and visitors. This creates reliable demand for retail and dining establishments, particularly those with convenient formats like drive-thru service.

The surrounding infrastructure also supports the site’s long-term viability. Proximity to major roadways and high daily traffic counts ensures strong visibility and accessibility, both of which are critical factors for quick-service restaurant success. In markets like this, where comparable net lease opportunities are limited, well-located assets tend to attract consistent investor interest.

Ultimately, this property is about simplicity and reliability. It’s not a complicated redevelopment play or a speculative investment—it’s a stabilized asset designed to generate predictable income with minimal oversight. For investors seeking to balance their portfolio with a passive, income-producing property, this Taco Bell location in New Haven checks many of the right boxes.

Whether you’re a first-time net lease buyer or an experienced investor looking to add another stable asset, this is the type of opportunity that tends to hold its value and perform consistently over time.

Property Details (Bullet Points)

• Property Type: Single-Tenant Retail (QSR)
• Tenant: Taco Bell (Franchisee – 80+ Unit Operator)
• Lease Type: Absolute NNN (Triple Net)
• Building Size: ±2,046 SF
• Lot Size: ±0.78 Acres
• Year Built: 1998
• Occupancy: 100% Leased
• Price: $2,950,000
• Net Operating Income (NOI): $139,779
• Cap Rate: 4.74%
• Rent Increases: 2% annually
• Lease Structure: Tenant responsible for taxes, insurance, and maintenance
• Ownership: Fee Simple (Land & Building)
• Drive-Thru: Yes
• Location: High-traffic corridor (Foxon Blvd)
• Market: New Haven, Connecticut (strong retail demand)